News Bits | 18 Dec 2012

Kenanga Today

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Market Strategy: 1Q13 Investment Strategy

l  On Our Radar: TOMEI

l  Technically Speaking: QL, LMCEMNT

 

NEWS HIGHLIGHTS

l  Silk registers 1QFY13 net profit RM2.8m, stays cash positive

l  TA Enterprise 3Q net profit rises 187% YoY

l  Magni-Tech earned 16% more in net profit

l  UEM in RM17.5b Turkey job

l  Khazanah selling 45% stake in Time Engineering

l  Magna Prima acquires PJ land for RM23.0m

l  Metronic board shake-up

 

FOREIGN NEWS HIGHLIGHTS

l  U.S. agency sues JPMorgan over mortgage securities

l  Deutsche bank employees are said to seek jail release

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  LDP Landslide Win Clears Pipes For Japan Fiscal Spigot

l  India Cuts Growth Forecast

USA

l  Obama And Boehner Meet As Fiscal Cliff Talks Pick Up

l  Foreign Share In US Debt At Record High

Europe

l  Greece's Lenders Warn Of 'Very Large' Risks To Bailout

l  Euro-Area Exports Fall For A 2nd Month

Currencies

l  Dollar Jumps To 19-Month High Vs. Yen

Commodities

l  Oil Near $108, U.S. Fiscal Talks Eyed

l  Gold Ends Near Flat, Capped By Us Budget Talks Progress